Vivid Seats (SEAT) to Release Earnings on Thursday

Vivid Seats (NASDAQ:SEAT) will post its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Vivid Seats to post earnings of $0.04 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Vivid Seats (NASDAQ:SEAT) last issued its earnings results on Tuesday, August 6th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.08). The business had revenue of $198.32 million for the quarter, compared to analyst estimates of $194.68 million. Vivid Seats had a return on equity of 57.44% and a net margin of 4.73%. During the same period last year, the business posted $0.20 EPS. On average, analysts expect Vivid Seats to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Vivid Seats Stock Down 1.0 %

NASDAQ:SEAT traded down $0.04 during mid-day trading on Tuesday, reaching $3.95. 333,396 shares of the stock were exchanged, compared to its average volume of 1,385,893. The company has a 50 day simple moving average of $4.03 and a 200-day simple moving average of $4.73. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 2.48. Vivid Seats has a 1 year low of $3.36 and a 1 year high of $8.80.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Canaccord Genuity Group dropped their price target on Vivid Seats from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. Craig Hallum dropped their price target on Vivid Seats from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. Citigroup dropped their price target on Vivid Seats from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, September 20th. DA Davidson dropped their price target on Vivid Seats from $6.50 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Vivid Seats from $4.50 to $4.00 and set a “hold” rating on the stock in a research note on Monday. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Vivid Seats presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.11.

Vivid Seats Company Profile

Vivid Seats Inc operates an online ticket marketplace in the United States, Canada, and Japan. The company operates in two segments, Marketplace and Resale. The Marketplace segment acts as an intermediary between event ticket buyers and sellers; processes ticket sales on its website and mobile applications through its distribution partners; and sells tickets for sports, concerts, theater events, and other live events.